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What does a Financial Advisor do?

Photo of Brenna Goyette
Brenna Goyette
Certified Professional Resume Writer, Career Expert

Published 3 min read

A financial advisor provides guidance to clients on how to best save, invest, and grow their money. They offer advice on a variety of financial topics, including retirement planning, estate planning, and tax preparation. Financial advisors can also help clients manage their debt and develop a budget.

Financial Advisor job duties include:

  • Meeting with clients to discuss their financial goals
  • Assessing a client's risk tolerance
  • Analyzing a client's current financial situation
  • Developing financial plans for clients
  • Recommending investment strategies for clients
  • Monitoring a client's investments
  • Adjusting a client's investment portfolio as needed
  • Providing tax planning and advice
  • Reviewing a client's insurance coverage
  • Providing estate planning advice

Financial Advisor Job Requirements

A financial advisor is someone who provides guidance and advice on financial matters for individuals or businesses. Financial advisors typically have a degree in finance, accounting, economics, or business. Many financial advisors also hold professional certification, such as the Certified Financial Planner (CFP) designation. Financial advisors typically have several years of experience working in the financial services industry.

Financial Advisor Skills

  • Analytical
  • Proactive
  • Strategic
  • Innovative
  • Organized
  • Detail Oriented
  • Multi-tasker
  • Excellent Written and Verbal Communication
  • Persuasive
  • Confident
  • Problem Solver

Related: Top Financial Advisor Skills: Definition and Examples

How to become a Financial Advisor

A financial advisor is a professional who helps people make decisions about their money. Financial advisors can help you with things like investing, saving for retirement, and managing your debt.

If you’re interested in becoming a financial advisor, there are a few things you should know. First, you’ll need to have a strong understanding of financial concepts. You’ll also need to be good at math and be able to communicate clearly with people.

In addition to the technical skills, you’ll also need to have some soft skills. Financial advising is all about helping people make the best decisions for their unique circumstances. This means that you need to be able to listen to people and understand their needs. You also need to be able to build trust and relationships with clients.

If you have the skills and personality for it, becoming a financial advisor can be a very rewarding career. You can help people achieve their financial goals and make a difference in their lives.

Related: Financial Advisor Resume Example

Related: Financial Advisor Interview Questions (With Example Answers)

Editorial staff

Photo of Brenna Goyette, Editor

Editor

Brenna Goyette

Expert Verified

Brenna is a certified professional resume writer, career expert, and the content manager of the ResumeCat team. She has a background in corporate recruiting and human resources and has been writing resumes for over 10 years. Brenna has experience in recruiting for tech, finance, and marketing roles and has a passion for helping people find their dream jobs. She creates expert resources to help job seekers write the best resumes and cover letters, land the job, and succeed in the workplace.

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